Day Trading Disasters

Publisher's Summary

Have you heard about day trading? Most day traders fail to succeed because they make a lot of mistakes during trading. This limits their profitability and may even result in losses. Whether you are a novice or a veteran trader you are likely to make mistakes from time to time. However, to be profitable you need to limit the number of times you commit mistakes. Each day trading market has its own challenges, and it is how you handle these challenges that determine whether you make mistakes or not. To avoid making mistakes here are a number of common mistakes that traders make in each day trading market.

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Customer Reviews

Most Helpful

Will teach you just enough to hurt yourself.

It really worries me when a trading book starts with &quot;you'll need a computer&quot;, goes onto say &quot;you'll master day trading in no time&quot;, and within ten minutes moves onto selling options contracts. It's too much too quickly for beginners, and too shallow for the experienced.

It's not that there isn't good information in here, much of the advice is solid, if cliched. It's just that &quot;you need risk control&quot; is stated with no more emphasis than &quot;make sure you have a good internet connection&quot;. And that is frankly irresponsible.

Either the narrator or transcriber appear to be a machine, as it says things like &quot;I made profit of pounds four thousand&quot;.